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of <h1>Amendment to Section 12A clarifies authority to demand disgorgement of wrongful gains in securities violations.</h1> Section 12A of the Securities Contracts (Regulation) Act, 1956, has been amended to clarify that the power to issue directions includes the authority to require individuals who have profited or avoided losses through transactions or activities that contravene the Act or its regulations to disgorge an amount equivalent to their wrongful gains or the losses they avoided. This amendment ensures that such powers are explicitly recognized and have always been considered part of the regulatory framework.
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